There’s been no shortage of news in past weeks when it comes to the United States Securities and Exchange Commission (SEC) taking action against crypto exchanges and companies. From Kraken, to Paxos, to Terraform Labs, it seems enforcement is in the air when it comes to chair Gary Gensler’s organization. In other news, South Sudan has reportedly banned U.S. dollar transactions, and crypto-focused investment firm Pantera Capital says we’re in the next bull cycle. All this just below in the latest Bitcoin.com News Week in Review.
Binance CEO Warns of ‘Profound Impacts’ on Crypto Industry if BUSD Is Ruled as a Security
Binance CEO Changpeng Zhao (CZ) ua lapatai mai e uiga i "aafiaga loloto" i luga o le pisinisi crypto pe afai e pulea le stablecoin Binance USD (BUSD) o se puipuiga. O lana lapata'iga na soso'o ai ma le tagi a le US Securities and Exchange Commission (SEC) faasaga ia Paxos, le na tu'uina atu le Binance USD.
[Opinion] Stiffing the Staker: The SEC’s Latest Crackdown on Crypto Innovation
Na faateia le lalolagi crypto i le vaiaso talu ai ina ua tapunia e le Securities and Exchange Commission (SEC) le polokalame staking a Kraken, na matua faamalieina ai le Taitaifono Gary Gensler ma lana au. Ae o le a le uiga o lenei mea mo le lumanaʻi o le cryptocurrency ma, aemaise lava, staking?
Terraform Labs ma le Pule Sili o Do Kwon Ua molia e le SEC i le Multibillion-Dollar Crypto Fraud
The U.S. Securities and Exchange Commission (SEC) has charged Terraform Labs and its CEO, Do Hyeong Kwon, with fraud, alleging that Kwon and his company orchestrated “a multibillion-dollar crypto-asset securities fraud.” The securities watchdog insists that Kwon raised billions from investors by creating an “interconnected suite of crypto-asset securities,” many of which were involved in unregistered transactions.
Report: South Sudan Government Bans US Dollar Transactions
The government of South Sudan has reportedly prohibited U.S. dollar-based transactions and has directed that all local payments be settled in the local currency. The Salva Kiir Mayardit government reportedly said it also wants all signed commercial contracts to be based on the local currency.
Pantera Capital on Bitcoin: We’re in Next Bull Market Cycle
Fai mai le kamupani fa'afaigaluega e taula'i atu i le Crypto, Pantera Capital, o le bitcoin ua va'aia ona maualalo ma "ua tatou i ai i le isi taamilosaga o maketi povi." Na taʻua e Dan Morehead, le faʻavae o le kamupani ma le pule faʻatasi: "I le taimi umi, o le tau o le bitcoin o loʻo i luga o le faʻalelalolagi faʻalelalolagi o le 2.3x i tausaga taʻitasi i le sefululua tausaga talu ai, i le averesi."
What are your thoughts on the SEC’s recent actions? Should cryptocurrencies require the approval of third parties like Gensler’s regulatory body? Let us know in the comments section below.
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Source: https://news.bitcoin.com/sec-clampdown-has-crypto-space-abuzz-pantera-capital-says-were-in-bull-market-and-much-more-week-in-review/